Autotech Ventures Closes Fund II At More Than $150 Million

Autotech Ventures, a venture capital firm paving the way for the next frontier of mobility, announced it closed Fund II at over $150 million

Autotech Ventures — a venture capital firm that is paving the way for the next frontier of mobility — announced it closed Fund II at over $150 million. Fund II will invest in early-stage startups with an emphasis on connectivity, autonomy, shared-use mobility, electrification, and digital enterprise applications. This new fund brings the firm to over $270 million under management to date.

And Autotech Ventures has deep expertise in the ground transportation industry and a global network that bridges the gap between founders and incumbent players in transportation. The firm features a team of seasoned transportation executives, investors, and entrepreneurs. And the firm has a singular focus on the $3 trillion ground transportation and mobility sector thus providing leading startups with the capital, transportation market intelligence, and access to corporate scale-up partners needed to succeed.

The firm is backed by financial and corporate investors and other leaders from vehicle manufacturers, parts suppliers, repair shop chains, leasing corporations, dealership groups, and trucking firms — who together represent a global market capitalization of over $500 billion. Some of the notable startups the firm has funded include Lyft (IPO), Xnor.ai (acquired by Apple), DeepScale (acquired by Tesla), Frontier Car Group (acquired by OLX/Prosus), Outdoorsy, Volta Charging, Swvl, and SpotHero.

Fund II is the firm’s largest to date following the inaugural $120 million fund the firm closed in 2017.

Key Quotes:

“The transportation industry has phenomenal potential for growth and also presents unique challenges that an experienced partner can help startups navigate.”

-Autotech Ventures Managing Director Daniel Hoffer

“We’re well-positioned with a strong community of operators, investors and partners who can offer founders the right guidance to maintain growth and mitigate risk in an increasingly volatile environment.”

-Autotech Ventures Alexei Andreev, Managing Director

“Autotech was not only available whenever we needed them, but they proactively attempted to anticipate our automotive-specific needs, reaching out to us with potential automotive talent, investors, events and business development opportunities that helped us grow the business.”